Impact of Environmental Regulatory Systems on Housing Affordability
By some projections, the United States will add 100 million people faster than any country on the planet except India. This translates into a net increase of about 40 million [...]
Do Growth Controls Work?: A New Assessment
This article presents a partial evaluation of local growth controls as applied in seven mid-size California cities: Camarillo, Livermore, Lodi, Red-lands, San Luis Obispo, Thousand Oaks, and Walnut Creek. Through [...]
The price of residential land in large US cities
Combining data from several sources, we build a database of home values, the cost of housing structures, and residential land values for 46 large US metropolitan areas from 1984 to [...]
Housing Market Impacts of Inclusionary Zoning
Many communities across the country face affordable housing challenges. An increasing number of communities are considering inclusionary zoning as a response. Inclusionary zoning programs, which require developers to sell a [...]
A New Measure of the Local Regulatory Environment for Housing Markets: The Wharton Residential Land Use Regulatory Index
A new survey of over 2000 jurisdictions across all major housing markets in the US documents how regulation of residential building varies across space. New evidence on what a `typical' [...]
Local Economic Development: Importance of Sales Tax and Other Factors
Public opposition is determined by the political climate of a given city and how reactive residents are to certain types of development and taxation. Truth-in-Taxation has played a large role [...]
The causes and consequences of land use regulation: Evidence from Greater Boston
Over the past 30 years, eastern Massachusetts has seen a remarkable combination of rising home prices and declining supply of new homes, which doesn’t appear to reflect any lack of [...]
The Greenness of Cities: Carbon Dioxide Emissions and Urban Development
Carbon dioxide emissions may create significant social harm because of global warming, yet American urban development tends to be in low density areas with very hot summers. In this paper, [...]
Housing Supply and Housing Bubbles
Like many other assets, housing prices are quite volatile relative to observable changes in fundamentals. If we are going to understand boom-bust housing cycles, we must incorporate housing supply. In [...]
The attenuation of human capital spillovers
This paper uses 2000 Census data to estimate the relationship of agglomeration and proximity to human capital to wages. The paper takes a geographic approach, and focuses on the attenuation [...]